Gold futures fall 0.4% on day, lose 2.3% on week

SAN FRANCISCO (MarketWatch) -- Gold futures settled lower Friday to lose 2.3% for the week, hit by technical pressure after a fall below the key support level of $1,600 an ounce. Concerns that the Federal Reserve will end its asset-buying program at an earlier date than expected also contributed to losses in the precious metal. April gold
gcj3
settled at $1,572.80 an ounce on the Comex division of the New York Mercantile Exchange, down $5.80 for the session. That was the lowest settlement for a most-active contract in seven months. March silver
sih3
fell 24 cents, or 0.8%, to settle at $28.46 an ounce, down 4.7% for the week. March copper
hgh3
lost 2 cents, or 0.6%, to end at $3.53 a pound for a drop of 5.5% for the week.

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